I’ve been doing a lot of thinking over the last couple of weeks. I’ve listened to a lot (and I mean a lot) of NPR and have been reading a lot of wiki pages, et al., and I have come to what I believe is a reasonable conclusion. Seriously people, what the fuck is up with basing the entire world economy on debt? Debt and hedging? Debt, hedging, and speculation? Debt, hedging, speculation, and something called credit default swaps? Who the fuck decided it would be a good idea to run the global economy like it was some sort of sleazy casino? And quite frankly, I am morally offended that a scant handful of arrant idiots are able to affect how much money the rest of us have.
One thought on “Yup, I’m a communist.”
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Knitting Interrupted 
I tend to agree with your rant about the speculation and the end result on the economy. I suspect that mortgage lenders thought it was ok to loan money to people who could not pay it back, figuring that the loans would be secured by a house/real estate that was constantly going up in value. They may have figured that either way they would profit, either from the adjustable rate mortgages or the sale of the property if the homeowners went into foreclosure. What they did NOT count on was that there would be glut of houses on the market driving down the value of existing homes-thus the gamble did not pay off.
I agree with your rant. P.S.: why do CEO’S who drive companies into the ground get such great golden parachutes? It’s not like they deserve them …